Data Book Financial Results for the 3rd Quarter of FY 3/2009 - - PowerPoint PPT Presentation

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Data Book Financial Results for the 3rd Quarter of FY 3/2009 - - PowerPoint PPT Presentation

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Data Book Financial Results for the 3rd Quarter of FY 3/2009 January 23, 2009 KDDI Corporation Financial Results for the 3rd Quarter of FY 3/2009 Unit: Millions of Yen Consolidated Statement FY 3/08 FY 3/09 Revised Original Forecast

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SLIDE 1

Data Book

January 23, 2009 KDDI Corporation

Financial Results for the 3rd Quarter of FY 3/2009

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SLIDE 2

Financial Results for the 3rd Quarter of FY 3/2009

Unit: Millions of Yen

Consolidated Statement

Progress

Operating revenues 844,084 890,182 904,400 957,618 3,596,284 2,638,666 870,520 876,813 882,365 3,500,000 2,629,699 75.1% 3,700,000 Telecommunications business 685,626 695,260 689,261 679,750 2,749,897 2,070,147 685,209 692,854 687,172 2,704,000 2,065,235 76.4% 2,704,000 Other business 158,457 194,922 215,139 277,868 846,387 568,519 185,311 183,960 195,193 796,000 564,464 70.9% 996,000 Operating income 140,904 108,702 121,365 29,480 400,452 370,972 124,374 138,508 143,849 443,000 406,731 91.8% 443,000 Ordinary income 142,726 109,684 123,041 32,475 407,927 375,451 124,827 137,403 143,588 440,000 405,818 92.2% 440,000 Extraordinary income (loss) 209 (28,930) (28,721) 209 (352) (525) 35,395 34,518

  • Net income

82,492 63,247 69,026 3,021 217,786 214,765 72,456 78,662 102,804 250,000 253,922 101.6% 250,000 Total assets 2,753,013 2,858,098

  • 2,879,275

2,853,745 3,004,530 3,220,041

  • 3,398,174
  • Shareholders' equity

1,604,824 1,670,789

  • 1,715,731

1,719,159 1,768,786 1,846,617

  • 1,922,076
  • Shareholders' equity ratio

57.2% 57.3%

  • 58.5%

59.1% 57.5% 56.1%

  • 55.3%
  • Shareholders' equity per share (Yen)

352,762 367,230

  • 377,278

377,786 387,571 404,920

  • 422,091
  • Free cash flows

(60,496) 120,274 34,789 (107,021) (12,454) 94,567 (74,899) 68,806 (65,580) (164,000) (71,673)

  • (224,000)

Depreciation 82,630 86,572 88,513 93,553 351,269 257,716 94,310 100,780 107,269 418,000 302,358 72.3% 418,000 Capex (cash flow basis) 88,776 101,853 127,711 198,662 517,002 318,340 129,982 136,133 152,883 590,000 418,997 71.0% 590,000 EBITDA 225,300 199,424 215,193 129,291 769,209 639,917 223,388 244,146 255,323 881,000 722,857 82.0% 881,000 EBITDA margin 26.7% 22.4% 23.8% 13.5% 21.4% 24.3% 25.7% 27.8% 28.9% 25.2% 27.5%

  • 23.8%

Interest bearing debt 617,796 572,197

  • 571,945

508,680 722,765 783,351

  • 828,142
  • Net debt

520,609 400,677

  • 496,399

388,908 648,371 582,805

  • 678,154
  • Debt / EBITDA Ratio
  • 0.7
  • Debt / Equity Ratio

0.39 0.35

  • 0.34

0.30 0.42 0.43

  • 0.44
  • *1 These figures are as of the end of each financial year.

*2 Changed FCF forecast from (￥17,000M) to (￥224,000M) in 2Q due to a planned buy-back of 4 buildings upon the expiration of secularization period. *3 Excludes ￥207,100M cost for buy-back of 4 buildings in the results and forecast of FY 3/09.

FY 3/08 1Q 2Q 3Q 4Q Total

Revised Forecast (Jan. 23, 2009)

FY 3/09

Original Forecast

(Apr. 24, 2008)

1Q-3Q 1Q-3Q 1Q 2Q 3Q

*1 *1 *1 *1 *1 *1 *2 *3

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SLIDE 3

Financial Results for the 3rd Quarter of FY 3/2009

Unit: Millions of Yen

Mobile Business

Progress

Operating revenues 674,832 706,350 719,216 762,200 2,862,599 2,100,399 679,763 680,908 688,870 2,711,000 2,049,540 75.6% 2,911,000 Sales outside the group 672,505 703,214 716,404 759,557 2,851,679 2,092,122 676,963 678,121 685,773

  • 2,040,857
  • Telecommunications business

536,978 545,678 538,812 527,740 2,149,208 1,621,469 529,850 535,804 530,910

  • 1,596,564
  • Other business

135,526 157,536 177,592 231,817 702,471 470,654 147,113 142,317 154,863

  • 444,293
  • Sales within the group

2,328 3,137 2,812 2,643 10,920 8,277 2,800 2,787 3,097

  • 8,683
  • Operating income

151,297 122,035 138,031 43,681 455,044 411,363 139,155 148,768 154,669 497,000 442,592 89.1% 497,000 Ordinary income 153,186 123,541 140,510 46,251 463,488 417,237 141,260 150,611 157,045 503,000 448,916 89.2% 503,000 Extraordinary income (loss) (8,030) (8,030) (33) 7,673 7,640

  • Net income

88,182 71,851 82,382 24,057 266,472 242,415 82,780 88,798 96,074 292,000 267,652 91.7% 292,000 Free cash flows (28,572) 122,995 59,560 (71,569) 82,414 153,983 (16,499) 72,379 87,136 127,000 143,016

  • 127,000

Depreciation 54,786 55,651 56,876 60,733 228,046 167,313 63,357 68,972 74,822 285,000 207,151 72.7% 285,000 Capex (cash flow basis) 60,964 80,157 95,621 154,982 391,725 236,742 95,996 108,221 115,250 436,000 319,467 73.3% 436,000 EBITDA 207,151 179,674 197,361 108,053 692,239 584,185 205,102 220,737 231,879 794,000 657,718 82.8% 794,000 EBITDA margin 30.7% 25.4% 27.4% 14.2% 24.2% 27.8% 30.2% 32.4% 33.7% 29.3% 32.1%

  • 27.3%

Details of Operating revenues

au 669,997 703,134 717,204 761,354 2,851,691 2,090,336 TU-KA 4,835 3,216 2,012 845 10,908 10,063

FY 3/08 1Q 2Q 3Q 4Q Total FY 3/09 1Q 2Q 3Q

Revised Forecast

(Jan. 23, 2009)

FY 3/08 1Q 2Q 3Q 4Q Total

Original Forecast

(Apr. 24, 2008)

1Q-3Q 1Q-3Q 1Q-3Q

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SLIDE 4

Financial Results for the 3rd Quarter of FY 3/2009

Unit: Millions of Yen

Fixed-line Business

Progress

Operating revenues 176,534 178,055 179,709 184,347 718,646 534,299 207,236 215,871 212,146 855,000 635,253 74.3% Sales outside the group 155,550 156,007 156,640 161,450 629,647 468,197 187,524 191,782 189,056

  • 568,362
  • Telecommunications business

141,288 141,146 141,404 141,494 565,331 423,838 154,973 156,655 155,852

  • 467,481
  • Other business

14,263 14,861 15,236 19,956 64,316 44,360 32,550 35,127 33,204

  • 100,881
  • Sales within the group

20,984 22,048 23,069 22,897 88,999 66,102 19,713 24,089 23,090

  • 66,891
  • Operating income (loss)

(13,064) (16,418) (18,325) (16,861) (64,668) (47,806) (14,876) (10,326) (11,186) (58,000) (36,389)

  • Ordinary income (loss)

(12,843) (16,625) (17,956) (17,332) (64,756) (47,424) (15,815) (11,582) (12,161) (62,000) (39,558)

  • Extraordinary income (loss)

(95) (575) (18,557) (19,227) (670) (599) (1,087) 27,734 26,048

  • Net income (loss)

(7,437) (9,665) (12,888) (21,740) (51,731) (29,991) (9,829) (8,882) 8,072 (38,000) (10,639)

  • Free cash flows

(8,476) (4,145) (13,995) (27,280) (53,897) (26,616) (53,063) (4,513) 49,149 (117,000) (8,428)

  • Depreciation

27,660 28,364 28,924 30,073 115,021 84,947 30,533 31,578 32,108 131,000 94,220 71.9% Capex (cash flow basis) 24,520 18,977 27,120 39,032 109,649 70,617 32,924 27,654 37,137 150,000 97,716 65.1% EBITDA 15,278 14,032 13,426 15,392 58,129 42,736 17,764 23,109 22,731 81,000 63,605 78.5% EBITDA margin 8.7% 7.9% 7.5% 8.3% 8.1% 8.0% 8.6% 10.7% 10.7% 9.5% 10.0%

  • FY 3/09

1Q 1Q-3Q FY 3/08 1Q 2Q 3Q 4Q Total 1Q-3Q 2Q 3Q

Total (Forecast)

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SLIDE 5

Financial Results for the 3rd Quarter of FY 3/2009

Unit: Millions of Yen

Fixed-line Business

Details of total operating revenues Progress

Total operating revenues 176,534 178,055 179,709 184,347 718,646 534,299 207,236 215,871 212,146 855,000 635,253 74.3% Telecommunications Business of KDDI Corporation 143,353 143,401 144,348 144,094 575,195 431,101 141,350 142,041 140,544 572,000 423,935 74.1% Voice Services 76,034 75,501 75,997 75,899 303,431 227,532 73,534 73,571 71,091 294,000 218,195 74.2% Local call 7,812 7,561 7,405 7,079 29,857 22,777 6,782 6,444 6,141

  • 19,368
  • Long distance call

49,951 50,780 51,531 51,673 203,934 152,261 49,740 49,155 48,347

  • 147,241
  • International call

18,271 17,161 17,061 17,146 69,640 52,494 17,012 17,972 16,603

  • 51,586
  • Data Services

67,248 67,806 68,244 68,091 271,389 203,298 67,749 68,307 69,410 278,000 205,467 73.9% Data Transmissions 30,451 30,394 30,253 29,819 120,917 91,098 29,154 28,839 29,442 120,000 87,435 72.9% Internet 29,555 29,569 29,473 29,137 117,734 88,597 28,594 28,390 29,159

  • 86,143
  • Frame relay, Cell relay and Other data transmission

897 825 780 682 3,183 2,501 560 449 283

  • 1,291
  • Leased circuits

13,269 13,116 12,880 12,650 51,915 39,264 11,896 12,182 12,012 50,000 36,090 72.2% IP-VPN 8,398 8,631 8,510 9,104 34,643 25,539 9,215 9,174 9,178 38,000 27,567 72.5% Wide-area Ethernet 15,130 15,666 16,601 16,518 63,914 47,396 17,484 18,112 18,779 70,000 54,375 77.7% 71 94 106 104 376 272 67 162 43

  • 272
  • Telecommunications Business of KNSL

12,121 11,647 7,979 55 31,802 31,747

  • JCN Group
  • 13,783

14,227 14,375 55,000 42,385 77.1% CTC

  • 9,163

9,604 9,939 39,000 28,706 73.6% Others 21,061 23,007 27,382 40,198 111,649 71,451 42,940 50,000 47,288 189,000 140,228 74.2% 28,389 30,219 31,920 32,323 122,851 90,528 33,683 33,184 32,663

  • 99,530
  • 8,480

8,998 9,417 9,713 36,609 26,896 12,151 13,100 14,233

  • 39,483
  • *1

We includes the internet revenues of Metal-plus (including ADSL one) and FTTH on "Internet"and show the TV service of FTTH in the "Other Bussiness". *2 "Others" includes the revenues of other business of the KDDI parent company, sales within the KDDI parent company, other subsidiaries and adjustments in the Fixed-line Business. *3 Including ADSL one. *4 We includes the Telecommunications Business of KNSL in the "Others" for the 1st Quarter of FY 3/09. Details : FTTH (Data+Voice+TV) Details : Metal-plus (Voice+Data) Telegraph and other telecommunications services

FY 3/08 1Q 2Q 3Q 4Q 1Q-3Q Total FY 3/09 1Q 2Q 3Q

Total (Forecast)

1Q-3Q

* 2 * 1 * 3 * 4

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SLIDE 6

Financial Results for the 3rd Quarter of FY 3/2009

Unit: Millions of Yen

Other Business

Progress

Operating revenues 28,061 43,297 44,456 51,345 167,159 115,814 15,289 17,020 18,782 69,000 51,090 74.0% Sales outside the group 16,029 30,962 31,356 36,611 114,958 78,346 6,034 6,911 7,536

  • 20,480
  • Sales within the group

12,032 12,335 13,100 14,734 52,201 37,467 9,255 10,109 11,246

  • 30,610
  • Operating income (loss)

2,259 2,930 1,426 2,400 9,014 6,614 (193) (287) 396 3,000 (84)

  • Ordinary income (loss)

2,429 2,435 1,800 2,223 8,887 6,665 (137) (396) 310 3,000 (224)

  • Extraordinary income (loss)

(7) 41 13 (3,047) (3,000) 47 (26) (8) (15) (50)

  • Net income (loss)

1,861 275 368 (1,257) 1,247 2,505 (178) (375) 224 1,000 (330)

  • FY 3/08

1Q 2Q 3Q 4Q Total

Total (Forecast)

1Q-3Q 1Q-3Q FY 3/09 1Q 2Q 3Q

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SLIDE 7

Business Details: Mobile

Subscribers

(Thousand)

Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08

Mar-09 (Forecast)

KDDI Total

28,709 29,217 29,555 30,339 30,305 30,452 30,550 31,600 au 28,110 28,744 29,196 30,105 30,305 30,452 30,550 31,600 CDMA 1X WIN 15,753 17,063 18,126 19,695 20,473 21,096 21,799 24,000 CDMA 1X 11,805 11,177 10,613 9,993 9,444 8,980 8,405

  • cdmaOne

552 503 456 417 389 375 347

  • TU-KA

600 473 359 234 EZweb 24,086 24,567 24,891 25,512 25,704 25,834 25,913 27,000 au 23,945 24,472 24,841 25,505 25,704 25,834 25,913 27,000 TU-KA 140 95 50 8

ARPU, MOU, Churn 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Total (Forecast) au ARPU （ Yen） 6,430 6,400 6,230 5,990 6,260 5,900 5,940 5,870 5,660 Voice （ Yen） 4,350 4,270 4,090 3,820 4,130 3,710 3,730 3,650 3,480 Data （ Yen） 2,080 2,130 2,140 2,170 2,130 2,190 2,210 2,220 2,180 MOU （ Minutes） 139 139 137 132 137 136 139 140 127 Churn rate (%) 0.97 1.03 0.89 0.90 0.95 0.87 0.75 0.65 0.91 TU-KA ARPU （ Yen） 2,170 1,900 1,520 810 1,750

  • MOU

（ Minutes） 44 39 30 14 35

  • Churn rate

(%) 11.8 7.6 8.7 13.2 10.2

  • *1 Forecast does not include the effect of the introduction of free calls to family members.

FY 3/08 FY 3/08 FY 3/09 FY 3/09

* 1

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SLIDE 8

Business Details: Fixed - line (Part 1)

Active Lines 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Total (Forecast) Voice Domestic Active Line (Thousand) 4,048 3,869 3,538 3,454 3,727 3,294 3,164 3,008

  • Voice International Active Line

(Thousand) 286 272 251 231 260 214 200 186

  • ARPU for Active Lines

1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Total (Forecast) Voice Domestic Active Line (Yen) 1,370 1,350 1,420 1,470 1,400 1,340 1,320 1,310

  • Voice Int'l Active Line

(Yen) 3,840 3,490 3,850 3,900 3,760 3,870 4,320 3,800

  • * 1 Does not include figures of Metal-plus, FTTH, 050-prefix IP phone, etc.

Number of Subscribers to Fixed Line Services

Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08

Mar-09 (Forecast) Myline Registration (Thousand) 5,520 5,280 5,050 4,850 4,650 4,460 4,270

  • Local

(Thousand) 3,528 3,381 3,232 3,106 2,984 2,866 2,743

  • In-prefecture Long Distance

(Thousand) 4,412 4,226 4,042 3,882 3,728 3,573 3,417

  • Out-prefecture Long Distance

(Thousand) 4,931 4,722 4,504 4,323 4,148 3,976 3,802

  • International

(Thousand) 5,271 5,050 4,821 4,628 4,443 4,262 4,079

  • KDDI Internet (Corporate use)

(Thousand) 61 62 64 65 65 65 66

  • IP-VPN

(Thousand) 61 65 68 70 68 69 71

  • Wide-area Ethernet

(Thousand) 47 49 51 53 53 55 57

  • au one net

(Thousand) 2,702 2,671 2,626 2,590 2,504 2,407 2,373

  • f which ADSL

(Thousand) 1,495 1,471 1,437 1,396 1,347 1,303 1,265 1,280 FTTH (Thousand) 635 668 698 710 916 967 1,025 1,140 Metal Plus (Thousand) 3,010 3,172 3,271 3,279 3,269 3,251 3,201 3,080 Cable-plus phone (Thousand)

  • 286

355 429 517 580 CATV (Thousand)

  • 667

683 697 712 700 Fixed access lines (Thousand)

  • 4,827

5,082 5,178 5,265 5,300 * 2 Each individual access circuit to the network is counted here. * 3 Includes ADSL one.(ADSL used over Metal-plus) * 4 Cable TV subs includes number of households with at least one contract via broadcasting, Internet, or telephone. * 5 Fixed Access Lines is total of FTTH, direct-revenue telephone (Metal-plus, Cable-plus) and Cable TV, counting multiple lines as one access line.

FY 3/09 FY 3/09 FY 3/09 FY 3/08 FY 3/08 FY 3/08

*1

*1 *2 *3 *4 *5

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SLIDE 9

Business Details: Fixed - line (Part 2)

ARPU for Fixed Line

1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

au one net (Yen) 2,340 2,380 2,400 2,430 2,390 2,430 2,500 2,580 FTTH (Data+Voice+TV) (Yen) 4,600 4,600 4,590 4,590 4,600 4,560 4,630 4,770 Metal-plus (Voice+Data) (Yen) 3,390 3,400 3,430 3,440 3,420 3,430 3,390 3,370 * 1 Including ADSL one.(ADSL used over Metal-plus) Local call traffic

1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Calls (million) 524 494 486 443 1,947 431 369 399 Minutes (million) 931 860 831 769 3,391 742 704 667 Long-distance calls traffic

1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Calls (million) 2,484 2,490 2,287 1,739 9,000 1,276 1,243 1,162 Minutes (million) 2,271 2,217 2,135 1,966 8,589 1,878 1,805 1,709 International call traffic

1Q 2Q 3Q 4Q Total 1Q 2Q 3Q

Calls (million) 140 160 198 195 693 212 209 209 Minutes (million) 760 886 870 890 3,406 975 997 936 * 2 Domestic (local and long-distance) call traffic figures include those for direct connections such as DDL direct line, Free Call DX/S and DOD. * 3 International call traffic includes figures for services such as DDL direct lines, Super World Card and international calls made from mobile phones over the KDDI network. ( Does not include figures from Metal-plus phone and FTTH ）

FY 3/08 FY 3/08 FY 3/08 FY 3/08 FY 3/09 FY 3/09 FY 3/09 FY 3/09 *1 *2 *2 *3

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